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RHODE ISLAND ASSOCIATION OF REALTORS®, INC.

"The Voice of Real Estate in Rhode Island"
Serving Rhode Islanders Since 1948
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Press Release

Contact: Kerry Park
Ph: 401-432-6948
Email: communications@riliving.com

 

Press Releases - 2008

December 2008

Housing Sales Continue to Increase in October

Warwick, RI - December 3, 2008... Existing single family housing sales rose for the second month in a row in October according to statistics released today by the Rhode Island Association of REALTORS® (RIAR). Single family home sales rose by 15 percent from 540 sales in October 2007 to 621 sales in October, 2008. Full Story »

November 2008

RI Association of REALTORS® Release 2008 Third Quarter Sales Statistics

Warwick, RI - November 12, 2008... The Rhode Island Association of Realtors (RIAR) released sales statistics today which showed a drop in both sales volume and median price for single family homes and condominiums sold from July through September 2008 as compared to the same period last year. The number of multi-family properties sold increased, spurred by sharply falling prices. Full Story »

RI Association OF REALTORS® Release September Sales Statistics

Warwick, RI - November 10, 2008... After months of declining sales, the housing market showed signs of reversal in September, with single family sales volume up 6.4 percent from the year prior. Pending sales – homes under contract but not yet closed – were up an encouraging 26.3 percent, the sixth month of increase in the pending category.  Twenty-nine percent of single family sales involved distressed properties, (foreclosures and short sales.) Sales were likely spurred by falling prices, down 20.4 percent, to $219,000 from $275,000 in September 2007.  Full Story »

RI Association of REALTORS® Announces 2008 RI REALTOR® of the Year

Warwick, RI – November 5, 2008…Every year, the Rhode Island Association of Realtors (RIAR) recognizes one of approximately 4500 Realtors with the RI Realtor of the Year Award, the highest annual honor awarded by the state association. The winner is chosen from five Realtors who have received a Realtor of the Year Award from one of five local Rhode Island Realtor boards. Full Story »

RI Association of REALTORS® Announce 2009 Officers

Warwick, RI – November 4, 2008…The Rhode Island Association of Realtors installed their 2009 slate of officers at the 2nd Annual Installation Dinner and Annual Meeting in Middletown last week. Paul Leys of Gustave White Sotheby’s International Realty in Newport was named 2009 President of the statewide association. Full Story »

September 2008

RI Association of REALTORS® Release August Sales Statistics

Warwick, RI – September 30, 2008…Despite seeing increases in pending sales from April through August, (sales under contract but not yet closed,) actual single family home sales were down 21.89 percent from 763 in August, 2007 to 596 in August, 2008. The median price of single family homes also fell, to $235,000 from $279,900 for the same time period, according to August statistics released today by the Rhode Island Association of Realtors. Twenty-seven percent of single family home sales were foreclosures or short sales. Full Story »

August 2008

Pending Home Sales Rise in July

Warwick, RI – August 27, 2008…According to July home sales statistics released today by the Rhode Island Association of Realtors, single family home sales were down 4.94 percent from 769 in July, 2007 to 731 last month. The median price of single family homes was down 12.5 percent year to year from $280,000 in July of 2007 to $245,000 last month. Full Story »

July 2008

RI Association of REALTORS® Releases 2008 Second Quarter Sales Statistics

Warwick, RI – July 30, 2008…The Rhode Island Association of Realtors (RIAR) released June sales statistics today which showed some positive signs for Rhode Island’s real estate market. For the third month in a row, single family pending sales rose. Pending sales are those sales under contract but not yet closed and are considered the most current indicator of the market. Full Story »

May 2008

RI Association of REALTORS® Releases 2008 First Quarter Sales Statistics

First quarter home sales statistics released today by the Rhode Island Association of REALTORS® (RIAR) indicate Rhode Island’s median single family home sales price declined from first quarter of 2007 by 9.93 percent, from $272,000 in 2007 to $245,000 this year. Full Story »

February 2008

RI Association of REALTORS® Releases 2007 Year-End Sales Statistics for Condos and Multi-Family Properties

Warwick, RI Year-end sales statistics released by the Rhode Island Association of REALTORS® (RIAR) reveal a slight price decline for condominiums sold state-wide in 2007. The median price of a condo sold in 2007 decreased 1.78 percent to $221,000 from $225,000 in 2006. Full Story »

Slight Drop in Rhode Island Housing Prices in 2007

Warwick, RI….Sales statistics released today by the Rhode Island Association of REALTORS® (RIAR) indicate a 2.65 percent decline in the 2007 median price of single family homes, falling from $282,500 in 2006 to $275,000 in 2007. Full Story »